Relative Value Partners Group LLC Sells 127,798 Shares of Ladder Capital Corp (NYSE:LADR)
Relative Value Partners Group LLC cut its stake in shares of Ladder Capital Corp (NYSE:LADR) by 52.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,722 shares of the real estate investment trust’s stock after selling 127,798 shares during the period. Relative Value Partners Group LLC’s holdings in Ladder Capital were worth $2,043,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pearl River Capital LLC acquired a new stake in shares of Ladder Capital in the fourth quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ladder Capital in the first quarter valued at approximately $61,000. FCA Corp TX acquired a new stake in shares of Ladder Capital in the fourth quarter valued at approximately $140,000. Private Advisor Group LLC acquired a new stake in shares of Ladder Capital in the first quarter valued at approximately $189,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Ladder Capital in the fourth quarter valued at approximately $175,000. 51.12% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. Deutsche Bank cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. ValuEngine raised Ladder Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Zacks Investment Research cut Ladder Capital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, TheStreet raised Ladder Capital from a “c” rating to a “b” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Ladder Capital has an average rating of “Hold” and an average target price of $18.10.
Ladder Capital (NYSE:LADR) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business had revenue of $68.37 million during the quarter, compared to analysts’ expectations of $78.38 million. Ladder Capital had a return on equity of 12.25% and a net margin of 27.90%. During the same period last year, the firm posted $0.55 EPS. As a group, sell-side analysts forecast that Ladder Capital Corp will post 1.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.36 annualized dividend and a yield of 8.30%. Ladder Capital’s payout ratio is currently 69.74%.
In other news, President Pamela Mccormack purchased 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $16.03 per share, with a total value of $25,648.00. Following the acquisition, the president now owns 523,965 shares in the company, valued at approximately $8,399,158.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.00% of the company’s stock.
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Ladder Capital Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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